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◆ Public sector issuers embrace hedge fund bid... ◆ ... as they flex in the swap market ◆ Car makers welcomed back to bond market
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New contracts cannot yet be traded in US
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  • Over-the-counter derivatives volume in Singapore Exchange’s clearing house has been growing since November 2010.
  • Christian Arriz, equity derivative flow salesman at BNP Paribas in New York, has left the firm.
  • BNP Paribas’ strategists are recomending investors buy a call spread on the S&P 500 Total Return Index(SPTR), a proxy for the S&P 500 that includes reinvested dividends.
  • Peter Chir, founder of New York-based hedge fund TF Market Advisors, said a payout of credit default swaps referencing Greek sovereign debt should be allowed as a way of boosting demand for government bonds and ensuring that “smart, hedged banks” be punished and not prudent financial institutions.
  • The Commodity Participants Association of India plans to submit a proposal to the Forward Markets Commission and MCX, the commodity exchange, to raise margins on gold and silver futures.
  • Swaps dealers and brokers are said to be considering revising its current business strategies in favor of an agency brokerage model as a result of regulatory changes imposed by the Dodd-Frank Act.